Brazil bars event-linked derivatives as lawyer assesses prediction market rules
Brazil’s Conselho Monetário Nacional (CMN) prohibited derivatives tied to sports, online gaming, political, social, cultural and entertainment events, while the government announced it would block prediction-market platforms. In an interview, lawyer Eric Hadmann Jasper analysed how prediction markets relate to online betting and discussed the regulatory developments.
The prohibition and planned platform blocks affect how prediction-market operators can offer event-linked contracts in Brazil.